Itpe-Meba Nmu Annual Benefit Fund

Organization Overview

Itpe-Meba Nmu Annual Benefit Fund is located in Cranford, NJ. The organization was established in 1987. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2022, Itpe-Meba Nmu Annual Benefit Fund employed 2,323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itpe-Meba Nmu Annual Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 03/2022, Itpe-Meba Nmu Annual Benefit Fund generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $9.4m during the year ending 03/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND PROVIDES HOLIDAY, SICK, VACATION, TRAINING, BEREAVEMENT, AND JURY DUTY BENEFITS TO APPROXIMATELY 2,000 ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ms Administrators Inc
Third Party Administrator
$554,500
Rickie Day
Fund Representative
$147,094
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$10,695,675
Investment income $155,114
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,884,935

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